Industry Terms

Reading Time: < 1 minute In simple terms, order lead time refers to the amount of time it takes an online retailer or a supplier to complete an order after receiving a customer order from its buyer. So basically, it is the time taken between placing an order and receiving the ordered item.

Reading Time: < 1 minute Order fulfillment includes both the crucial tasks of putting together the order and shipping it to the customer, as well as everything in between those processes. From strategic sourcing to shipping, the entire order fulfillment process consists of five key steps – inventory management, supply chain management, order processing, quality control, and customer support.

Reading Time: < 1 minute The order cycle is the amount of time needed for a seller to exhaust a vendor’s stock in order to fulfill the target order requirement for the supplier. It also informs the seller how much stock is used and required prior to submitting a request for replenishment.

Reading Time: < 1 minute The order confirmation page provides information about the current order confirmation, including pricing, product quantity, shipping, and billing information.

Reading Time: < 1 minute An online marketplace is a website or application that enables sellers and customers to sell and buy their desired products online, respectively. The owner of the online marketplace does not hold any kind of inventory but assists other sellers or merchants to sell through the marketplace, making it easier. Amazon, eBay, and Shopify are some […]